Thiel is part of a class of people who are materially insulated from financial failure to the point of absurdity, so there isn't anything particularly ridiculou

Thiel is part of a class of people who are materially insulated from financial failure to the point of absurdity, so there isn't anything particularly ridiculous about his 'success'. It's hard to say whether he genuinely believes this horseshit, but it's certainly in his interest to convince others to.